How much money must be deposited now in an
account paying 7.25% annual interest, compounded
quarterly, to have a balance of $1000 after 10
years?

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

y=mx+

add an image

step-by-step explanation: